As tensions rise within the crypto regulatory landscape, SEC Chair Gary Gensler stands firm against pressures of potential dismissal, emphasizing continuity in crypto regulation. Key questions loom as former President
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The post From $1k to $100k by 2025: PCHAIN and Shiba Inu in the Spotlight as Best Crypto Investments appeared first on Coinpedia Fintech News With Bitcoin seemingly on its way to $100k, investors are turning towards Shiba Inu (SHIB) and Propichain (PCHAIN) in hopes of high profit. Propichain (PCHAIN) is just a newcomer. Yet, early market predictions show that Propichain could soar by 7000x by early 2025. Read on to see why PCHAIN is getting so much hype. Shiba …
Bitcoin Price Movement and Trends: Why Bitcoin Goes Up and Down Bitcoin’s price volatility is one of the most discussed aspects of the cryptocurrency market. Investors often ask: “Why is Bitcoin going up or down?” or “What causes Bitcoin’s price movements?” Understanding these trends is essential for anyone looking to invest in or analyze the
Future Bitcoin Value Predictions: How High Could Bitcoin Go by 2025 and 2030? Bitcoin, the world’s leading cryptocurrency, continues to capture global attention as it breaks price records and reshapes the financial landscape. With growing institutional adoption, post-halving momentum, and favorable macroeconomic trends, investors are wondering: how high will Bitcoin go? Let’s explore expert predictions
The post US Senate Introduced “Bitcoin Act of 2024” As BTC Hits $93,000 appeared first on Coinpedia Fintech News The United States is taking a bold step toward integrating Bitcoin into its national financial strategy. Senator Cynthia Lummis has introduced the “Bitcoin Act of 2024” (S.4912), proposing the creation of a Strategic Bitcoin Reserve much like the gold reserves the nation has relied on for centuries. With Bitcoin recently crossing $93,000, this initiative has …
Ethereum ETFs are riding the post-election wave that has enveloped the wider crypto market. During its surge, Ethereum ETFs have created an optimistic atmosphere while reversing the billions of outflows that have caused worries for investors since its debut According to data from Soso Value, Ethereum ETFs’ value peaked on Tuesday, with its cumulative net
On November 16th, COINOTAG News reported that prominent blockchain security auditing firm CertiK has alerted the community regarding a significant security breach affecting users of the DEXX platform. Numerous users
The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be attributed to a confluence of factors, including speculation surrounding SEC Chairman Gary Gensler’s potential resignation, favorable regulatory tailwinds under the incoming Trump administration, increased whale activity, and a notable technical breakout. #1 Speculation About SEC Chairman Gary Gensler’s Resignation A primary driver behind XRP’s recent price movement is the growing speculation regarding the possible resignation of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). On November 14, Gensler delivered a speech at the Practicing Law Institute’s 56th annual conference on securities regulation, where he lauded the efforts of the SEC. “It’s been a great honor to serve with them, doing the people’s work, and ensuring that our capital markets remain the best in the world,” Gensler stated. The crypto community on Xinterprets this speech as a potential farewell address, especially in light of the upcoming transition following Donald Trump’s victory in the US presidential election. Investors anticipate that the Trump administration will appoint a pro-crypto chairman to lead the SEC. “I will fire Gary Gensler on day one,” Trump pledged during the Bitcoin 2024 conference. Brad Garlinghouse, CEO of Ripple Labs, echoed these sentiments on X: “Joined Cantor’s annual Crypto Conference today – safe to say that the US is ready to be the crypto capital of the world with the next Trump Administration. Also an apt shirt to wear..on perhaps what are Gary Gensler’s last days in office?!” After Gensler’s resignation, there’s speculation that the SEC might reconsider its appeal against Ripple Labs, potentially alleviating regulatory pressures that have weighed heavily on the XRP price over the last years. #2 Regulatory Tailwinds For XRP Under Trump The anticipated policy shift under the incoming Trump administration is another critical factor contributing to the XRP price appreciation. The administration is reportedly preparing to adopt a more permissive stance toward crypto, with plans to appoint industry-friendly candidates to key regulatory positions. “Chatted with Tony Romm about how the incoming Trump Administration is already engaging proactively with the crypto industry on clear rules of the road… what a breath of fresh air!” Garlinghouse remarked today on X. Further emphasizing the potential positive impact, Garlinghouse stated via X: “I’ve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP family’s patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset. It’s been – at times – a frustrating journey. ~6 years since the SEC started meddling in the crypto market, picking winners and losers… ~4 years since the SEC sued Ripple. He added, “Now FINALLY we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!” #3 Increased XRP Whale Activity Whale activity, indicative of large-scale investments by major holders, has also played a significant role in the XRP price surge. On-chain analysis firm Santiment reports on X: “Wallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days.” #4 Technical Breakout Complementing the fundamental drivers are technical factors contributing to the XRP price action. XRP has broken above a six-year-long symmetrical triangle pattern, a significant technical indicator that suggests the potential for sustained upward momentum. Historically, such breakouts have preceded notable price increases, and in XRP’s case, the price had previously declined by as much as 97% during the formation of this pattern. At press time, XRP traded at $0.85. Featured image created with DALL.E, chart from TradingView.com